10.10.2011

Terex acquires in Brazil

Terex Utilities has agreed to acquire a controlling interest in Ritz do Brasil S.A. a producer of aerial lifts and a wide range of other equipment for live line work up to 800kV.

Ritz is based in Betim, Minas Gerais, the company, founded in 1960, employs around 700 staff and already exports its tools and solutions for live line work to more than 60 countries.
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Ritz tools for handling insulators

The company entered the live line tool market in 1972 and a year later formed a joint venture with American specialist A.B. Chance – Ritz-Chance Industria, it bought out Chance’s share in the company in 1989, changing its name to Ritz do Brasil. It entered the insulated aerial lift business in 1982 and became a Terex Utilities distributor last November, in order to expand its range for the local market.

Garry White general manager of Terex Utilities said: “Ritz has been in business since 1960 and is a trusted name in the industry. The acquisition is a natural extension of the Terex Utilities business and represents exciting growth opportunities for both companies. We will continue on the successful path Ritz has taken, searching for synergies, and growing the business through product technology transfer and investment in lean production".

The president of Ritz, Emil Ritz Jr added: “With the union of both companies, we shall extend our strength and competitiveness in the market. We shall benefit from the expertise and experience of one of the largest global producers of construction and infrastructure equipment and machines.”
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A Ritz insulated platform